Coinweb (CWEB) is a cross-chain computation platform that enables interoperability between different blockchains. It allows decentralized applications (dApps) to operate across multiple blockchains seamlessly. This makes dApps more efficient and adaptable by leveraging the strengths of various blockchains.
Key features of Coinweb include:
- Cross-Chain Broadcasting: Coinweb can embed transactions in different blockchains, making it flexible for dApps.
- Blockchain Routing System: This system monitors the underlying chain conditions and switches chains if necessary to ensure application stability.
- Gas Fee Abstraction: Users can pay transaction fees using the dApp’s native token, simplifying the process.
- Scalability and Cost-Saving: Coinweb increases transaction throughput and reduces gas fees by batching transactions.
The Coinweb team, led by CEO Toby Gilbert, promotes blockchain adoption by providing a scalable and interoperable platform. Coinweb supports various decentralized applications, including a multi-chain wallet and a platform for creating custom cross-chain tokens.
